Is Las Vegas Tourism’s Future Boom or Bust? Experts Have Different Viewpoints

The tourism industry in Las Vegas has restored all but 1.3 percent from the fallout that is devastating of recession, but what lies ahead for Sin City’s visitor growth for the following five years? It depends who you ask.
Las Las Vegas tourism continues to flourish, but several factors could hamper future expansion, from terrorism to flight pilot shortages.
Several factors point toward slower growth, however the recovery from the 2008 Great Recession is almost complete.
That is in accordance with UNLV’s Center for Business and Economic Research director Stephen Miller, who said at a presentation earlier this week that Southern Nevada’s tourism economy will drop slightly, but then rebound in a limited capacity, in 2018, in accordance with a story in the nevada Review-Journal.
Those thoughts have been in direct contrast to those of officials during the Las Vegas Convention and Visitors Authority (LVCVA). Execs there think that indicators point toward an upsurge in visitors, continuing a trend they have seen for the past 3 years.
Tourism Records Broken
Visitor numbers in vegas have been spiking since 2015. Occupancy rates in hotels, in addition to average room that is daily, have actually also gone up in the previous two years, in line with the LVCVA.
It offers absolutely been a bull market for both the Strip and downtown in Las Vegas. In 2016, 42.9 million visitors flocked to las vegas, accordi Continue reading